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$7,950,000
Est. payment /mo
25 Baths
16,015 SqFt
UPDATED:
02/07/2025 11:17 AM
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,015 sqft
Price per Sqft $496
MLS Listing ID 489041
Full Baths 25
Year Built 2021
Annual Tax Amount $8,272
Property Sub-Type Multi-Family
Property Description
This property was newly built in 2021 and is the perfect investment property. The property comprises 21 residential units, 2 commercial spaces, and 4 parking spaces, totaling approximately 16,015 square feet. The building offers newly constructed affordable housing units through the NYC Housing Connect program.
Amenities include split-unit heating and cooling systems, a laundry room, and bike storage. The property benefits from a 35-year 421-A tax abatement. Additionally, there is a $4.2 million government mortgage at a 5% interest rate, which is assumable by the buyer.
With lower maintenance costs, the property's good condition, prime location, lower interest rates, and guaranteed rent payments by the city, this is a perfect investment opportunity.
The building is conveniently located near public transportation, including the 2 and 5 subway lines, as well as multiple bus routes. Nearby neighborhoods include Belmont, Tremont, and Crotona Park East. It is near botanical gardens and 2 blocks away from the Bronx zoo.
A rare investment opportunity like this is hard to find!
Amenities include split-unit heating and cooling systems, a laundry room, and bike storage. The property benefits from a 35-year 421-A tax abatement. Additionally, there is a $4.2 million government mortgage at a 5% interest rate, which is assumable by the buyer.
With lower maintenance costs, the property's good condition, prime location, lower interest rates, and guaranteed rent payments by the city, this is a perfect investment opportunity.
The building is conveniently located near public transportation, including the 2 and 5 subway lines, as well as multiple bus routes. Nearby neighborhoods include Belmont, Tremont, and Crotona Park East. It is near botanical gardens and 2 blocks away from the Bronx zoo.
A rare investment opportunity like this is hard to find!
Location
State NY
County Bronx
Area West Farms
Zoning R7-1
Rooms
Basement Cellar, Full, Separate Entrance
Interior
Hot Water Electric
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Door – Card Operated, Laundry – Card Operated
Roof Type Flat
Handicap Access Yes
Building
Story 7
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716